The center's 7 new defense companies will become one giant military base: PM Modi

PM Modi

PM Modi

Prime Minister Narendra Modi on Thursday launched seven new companies that will enter the defense sector and said he hopes all these companies will become the foundation of the country's strength. Speaking at the launch event for these companies in Vijaya Dashami, Prime Minister Modi said: “India is taking new resolutions to build a new future.

The seven newly established companies are: Munitions India Limited, Armored Vehicles Nigam Limited, Advanced Weapons and Equipment India Limited, Troop Comforts Limited, Yantra India Limited, India Optel Limited (IOL) and Gliders India Limited (GIL).

According to a statement released by the Prime Minister's Office (PMO) on Thursday, the center has decided to transform the Ordnance Factory Board from one government division into seven full-fledged companies to ensure self-defense preparation for the defense of India. 

"I urge these seven companies to prioritise research and innovation in their work culture. You've to take the lead in future technology, give opportunities to researchers. I would also urge startups to collaborate with these seven companies," the Prime Minister said The Indian government has implemented long-awaited reforms and established seven new defense companies to strengthen self-reliance.

Sources:- Times of India

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